The post Stellar (XLM) Set To Explode? 92% Rally Sparks Bullish Frenzy—Details appeared on BitcoinEthereumNews.com.

Stellar (XLM) has seen a sudden burst of activity this week. According to recent data, XLM jumped 12% in the last 24 hours to trade around $0.48. Its seven‑day return is even more eye‑catching, with a gain of 92%. Trading volume on spot markets climbed to $14 billion, a 17% rise, showing that investors are piling in. Support Turns Into Base Based on reports, the old resistance zone at $0.31 up to $0.37 has flipped into a solid support area. That shift gives buyers a clear line in the sand. Wave 3 in the Elliott count seems to be stretching higher, suggesting there’s room for more upside if momentum holds. Derivatives Activity Paints A Mixed Picture Spot volume is surging. But derivatives tell a slightly different story. CoinGlass figures show that derivatives trading volume slipped 2.25% to $3.80 billion even as Open Interest jumped 29% to $496 million. The rise in Open Interest means more new positions are on the table. Yet funding rates indicate traders aren’t over‑leveraging just to chase quick gains. The Relative Strength Index (RSI) is sitting near 89, well above the usual overbought threshold of 70. That level often triggers short‑term pullbacks. Still, in a strong uptrend, RSI can hug lofty readings for longer than many expect. The MACD line at 0.02 lies comfortably above its signal line at 0.01, and the growing histogram bars hint that bullish momentum is not fading anytime soon. Nine-Year Trend Shows Strength Analysts point out that Stellar has logged nine straight years of higher lows. That pattern has held through bear markets and bull runs alike. If that trend stays intact, it could pave the way for a fifth wave—or a Wave C—move similar to past rallies in major altcoins. Market Activity Signals Caution Traders are keeping a close eye on volume and…

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Filed under: News - @ July 14, 2025 9:29 am